Hi Leah,The 5% is referencing the conventional loan which is a residential loan.

You're treading in RESPA-infested waters there and these are federal, not state regulations.Referral fees for ANY closing services on residential loans are strictly prohibited under RESPA regulations. 

That would put you in a residential neighborhood with the flexibility of a MFU.

It’s great that you’ve already started practicing with NOI and cap rates for evaluating properties, but you're right that smaller properties, like quadplexes or less, are often valued differently.For residential properties with four units or fewer, the market tends to focus more on comparable sales in the area rather than purely relying on income calculations like cap rate.

The most recent data show that record momentum continues for the residential rental industry especially for the short-term rental industry, with year-over-year bookings now exceeding pre-pandemic levels.The complexity of the problem hinges on the definitions of “short-term” versus “long-term” rentals for tax purposes.

The time has now come that my wife and I are finally ready to pull the trigger on our first property - a residential multi-family in the Milwaukee area.At the same time, I've been experiencing severe burnout and unsustainable amounts of overtime at my day job (60+ hours/wk for months).

Professional Undwriter On StaffPace pays a professional underwriter to be on staff, over $250k per year I believe, just to underwrite everyone's deals, residential and commercial, for free.

Residential? 

The hospitality industry lobbied pretty hard for that to happen to give them an edge since those are areas where hotels are located as opposed to residential zones. 

I’m use to residential loans and have the best loan officer around but she doesn’t do commercial so I’m searching for someone who knows what the doing and how to work around problems that arise.